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Sagot :
Answer:
ee
Explanation:
To calculate the direct material price and quantity variance, we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (0.33 - 0.3)*72,000
Direct material price variance= $2,160 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (6*5,100 - 38,250)*0.33
Direct material quantity variance= $2,524.5 unfavorable
To calculate the direct labor time and rate variance, we need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (1.2*5,100 - 6,420)*7.1
Direct labor time (efficiency) variance= $2,130 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (7.1 - 7.8)*6,420
Direct labor rate variance= $4,494 unfavorable
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